GOVT. BORROWINGS

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
July 16 - 22, 2012

CREDIT/LOANS CLASSIFIED BY BORROWERS As on May 31, 2012
(Million Rupees)

DESCRIPTION JUN-10 MAY-11 JUN-11 MAY-12P
1. Credit to Government Sector (A+B) 2,426,425 3,005,226 3,009,390 4,105,889
A. SBP Credit to Government Sector (Net) 1,187,822 1,348,919 1,185,155 1,615,121
Investment in Govt. Securities 1,165,824 1,423,882 1,364,773 1,695,042
Loans to Government 117,188 5,522 21,351 2,740
Others 8,153 8,649 8,654 8,653
Less: Govt. Deposits 103,343 89,134 209,624 91,315
B. Scheduled Banks Credit to Government Sector (Net) 1,238,603 1,656,307 1,824,235 2,490,768
Investment in Govt. Securities 1,367,618 1,857,871 2,057,219 2,730,714
Loans to Government 423,912 383,938 409,909 414,228
Less: Govt. Deposits 552,927 585,502 642,893 654,173
2. Credit to Non Government Sector (A+B) 3,311,418 3,476,484 3,493,835 3,558,208
A. SBP Credit to Non Govt. Sector 29,387 29,959 29,891 31,114
B. Scheduled Banks Credit to Non Govt.Sector (I+II+III) 3,282,031 3,446,525 3,463,944 3,527,094
I. Credit to PSEs 419,655 394,370 424,394 352,814
Investment in Non-financial PSEs 250,862 248,831 249,308 35,426
Loans to Non-financial PSEs 168,793 145,538 175,086 317,388
II. Credit to NBFIs 113,085 125,736 121,359 249,929
Investment in NBFIs 69,686 84,895 81,174 206,169
Loans to NBFIs 43,399 40,841 40,185 43,759
III. Credit to Private Sector (A+B) 2,749,291 2,926,419 2,918,191 2,924,351
A. Investment in Securities & Shares of Private Sector 145,051 153,217 158,021 154,192
B. Loans to Private Sector (1-4) 2,604,240 2,773,202 2,760,170 2,770,158
1. Loans to Private Sector Business 2,258,524 2,438,017 2,431,762 2,449,287
2. Trust Funds & NPOs 13,096 16,427 18,029 16,684
3. Personal 321,478 301,225 294,011 289,148
Bank Employees 76,668 76,058 76,406 79,474
Consumer Financing 244,810 225,168 217,605 209,674
For house building 54,500 47,921 47,775 41,932
For transport i.e. purchase of car etc 64,199 51,947 50,901 44,727
Credit cards 28,280 24,350 24,626 22,535
Consumers durable 211 233 224 319
Personal loans 94,776 96,394 89,650 94,064
Other 2,844 4,322 4,428 6,098
4. Other 11,141 17,533 16,369 15,039
Total Credit (1+2) 5,737,843 6,481,710 6,503,225 7,664,097
Note: Outstanding position at the end of month

REAL GDP GROWTH RATE (%)

2007-08 2008-09 2009-10 2010-11 2011-12
3.7 1.7 3.1 3.00 3.7

PER CAPITA INCOME ($)

2007-08 2008-09 2009-10 2010-11 2011-12
1015 990 1068 1258 1372

COMPARATIVE BUDGETARY POSITION (Rs in Million)

CLASSIFICATION BUDGET 2012-13
I) RESOURCES ( a + b) 2,719,188
a. Internal Resources 2,332,309
Revenue Receipts (Net) 1,774,982
Capital Receipts (Net) 477,779
Estimated Provincial Surplus 79,548
b. External Resources 386,879
II) EXPENDITURE (a + b) 3,202,999
a. Current Expenditure 2,611,940
b. Development Expenditure 591,059
Federal PSDP including ERRA 360,000
Development Loans & Grants to Provinces 76,771
Other Development Expenditure 154,288
BANK BORROWING 483,810

MINIMUM CAPITAL REQUIREMENTS (Rs. billion )

DEAD LINE PREVIOUS REVISED
31-12-2008 5.0 5.0
31-12-2009 6.0 6.0
31-12-2010 10.0 7.0
31-12-2011 15.0 8.0
31-12-2012 19.0 9.0
31-12-2013 23.0 10.0

REAL GDP (SECTOR-WISE) (Rs. Million)

SECTOR 2010-11(R) 2011-12 (p)
A) Commodity Producing Sector 2,711,746 2,800,657
I. Agriculture 1,230,978 1,269,491
II. Industry 1,480,768 1,531,166
B) Services Sector 3,103,283 3,227,914
GDP at Factor Cost (A+B) 5,815,029 6,028,571

INTEREST RATES

DATE (%)
2-Aug-10 13
30-Sep-10 13.5
30-Nov-10 14
1-Aug-11 13.5
9-Oct-11 to date 12

KIBOR RATE (9th July 2012)

TENOR BID OFFER
1 Week 11.39 11.89
2 Week 11.45 11.95
1 Month 11.52 12.02
3 Month 11.71 11.96
6 Month 11.77 12.02
9 Month 11.83 12.33
1 Year 11.88 12.38
2 Year 12.00 12.50
3- Year 12.08 12.58

CIVILIAN LABOUR FORCE (million No.)

YEAR 2009-10 2010-11
Labour force 56.33 57.24
Employed 53.21 53.84
Unemployed 3.12 3.40

INDICES IN PAKISTAN (Base 2007-08)

INDEX AVERAGES JULY-MAY
% CHANGES
MAY OVER MAY
% CHANGES
2011-12 2010-11 2009-10 2011-12 2010-11 2009-10
CPI 10.97 13.69 9.95 12.29 12.65 12.32
SPI 6.84 16.91 12.79 8.08 13.74 15.43
WPI 10.83 21.10 13.43 7.06 22.28 19.55

NON-PERFORMING LOANS (DOMESTIC AND OVERSEAS OPERATIONS
(Rs. in Million)

BANKS/DFIS AS OF 31-12-2011 AS OF 31-03-2012
NPLS NET NPLS NET NPLS TO NET LOANS (%) NPLS NET NPLS NET NPLS TO NET LOANS (%)
All Banks & DFIs 625,778 210,397 6.21 625,432 198,528 5.71
All Banks 609,730 204,290 6.12 608,748 191,614 5.59
All Commercial Banks 575,133 190,498 5.87 576,933 181,536 5.44
Public Sector Banks 186,606 93,023 13.45 171,411 73,539 10.47
Local Private Banks 380,927 96,719 3.89 397,758 107,045 4.17
Foreign Banks 7,601 756 1.14 7,765 952 1.42
Specialized Banks 34,597 13,792 14.69 31,815 10,078 10.68
DFIs 16,049 6,107 13.13 16,683 6,914 14.81